Eurocement Ukraine records 2011 losses

Eurocement Ukraine, one of the three largest Ukrainian cement producers, ended 2011 with losses of UAH46.048m, the company announced in a statement.

In 2011, Eurocement Ukraine increased net revenues by 16.18% or UAH191m compared to 2010, to UAH1,374m. Assets of Eurocement Ukraine were recorded at 929m, current liabilities at UAH258m, and total accounts receivable UAH1156m.

Eurocement Ukraine sustained losses of UAH117m in 2010, having reduced its net revenue by 9.47% or UAH124m to UAH1,183m, compared with 2009.